Telecom shares gain, Idea Cellular at four year high

Idea Cellular,Tata Teleservices (Maharashtra), Reliance Communications and Bharti Airtel are up 1-6% on the BSE.

Shares of telecom services provider are trading higher in the range of 1-2% in otherwise subdued market in morning trades after the Empowered Group of Ministers (EGoM) on telecom on Monday decided to slash the reserve price for CDMA spectrum by 30%-50%.

Among the individual stocks Idea Cellular is trading higher by 2.5% at Rs 112, its highest level since June 2008 on the Bombay Stock  Exchange. 

Tata Teleservices (Maharashtra) has rallied almost 5% to Rs 13.19, followed by Reliance Communications (up 2.6% at Rs 84) and (up 1% at Rs 330).

"The cabinet will take a final decision. Auction for 800 MHz will be conducted in March following the auctions of 1800 MHz and 900 MHz bands that would start on March 11,” the Business Standard report suggests quoting a top government official from headed by Finance minister P Chidambaram.

 

image
Business Standard
177 22
Business Standard

Telecom shares gain, Idea Cellular at four year high

Idea Cellular,Tata Teleservices (Maharashtra), Reliance Communications and Bharti Airtel are up 1-6% on the BSE.

SI Reporter  |  Mumbai 

Shares of telecom services provider are trading higher in the range of 1-2% in otherwise subdued market in morning trades after the Empowered Group of Ministers (EGoM) on telecom on Monday decided to slash the reserve price for CDMA spectrum by 30%-50%.

Among the individual stocks Idea Cellular is trading higher by 2.5% at Rs 112, its highest level since June 2008 on the Bombay Stock  Exchange. 

Tata Teleservices (Maharashtra) has rallied almost 5% to Rs 13.19, followed by Reliance Communications (up 2.6% at Rs 84) and (up 1% at Rs 330).

"The cabinet will take a final decision. Auction for 800 MHz will be conducted in March following the auctions of 1800 MHz and 900 MHz bands that would start on March 11,” the Business Standard report suggests quoting a top government official from headed by Finance minister P Chidambaram.

 

RECOMMENDED FOR YOU

Telecom shares gain, Idea Cellular at four year high

Idea Cellular,Tata Teleservices (Maharashtra), Reliance Communications and Bharti Airtel are up 1-6% on the BSE.

Shares of telecom services provider are trading higher in the range of 1-2% in otherwise subdued market in morning trades after the Empowered Group of Ministers (EGoM) on telecom on Monday decided to slash the reserve price for CDMA spectrum by 30%-50%.

Shares of telecom services provider are trading higher in the range of 1-2% in otherwise subdued market in morning trades after the Empowered Group of Ministers (EGoM) on telecom on Monday decided to slash the reserve price for CDMA spectrum by 30%-50%.

Among the individual stocks Idea Cellular is trading higher by 2.5% at Rs 112, its highest level since June 2008 on the Bombay Stock  Exchange. 

Tata Teleservices (Maharashtra) has rallied almost 5% to Rs 13.19, followed by Reliance Communications (up 2.6% at Rs 84) and (up 1% at Rs 330).

"The cabinet will take a final decision. Auction for 800 MHz will be conducted in March following the auctions of 1800 MHz and 900 MHz bands that would start on March 11,” the Business Standard report suggests quoting a top government official from headed by Finance minister P Chidambaram.

 

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
H P C L 930.90 9.81
Finolex Cables 334.05 9.43
B P C L 1010.85 9.12
Prestige Estates 184.75 8.84
Lycos Internet 18.95 7.67
> More on BSE Gainers
Company Price() Chg(%)
Finolex Cables 337.00 10.20
H P C L 931.65 9.65
B P C L 1012.00 9.19
Prestige Estates 184.20 8.29
Reliance Power 52.25 7.40
> More on NSE Gainers
Company Price() Chg(%)
Novartis India 724.80 -12.45
Vaibhav Global 267.80 -6.15
Fortis Health. 164.05 -5.56
R C F 43.05 -5.49
Essel Propack 184.25 -4.41
> More on BSE Gainers
Company Price() Chg(%)
R C F 43.05 -5.38
Fortis Health. 164.00 -5.28
VRL Logistics 276.80 -4.83
Vaibhav Global 267.70 -4.77
Ruchi Soya Inds. 22.20 -4.72
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard